Transportation
Boeing Wins $36 Billion Deal From Turkey, Trumping Airbus
- Carrier places firm orders for 100 planes, 100 options
- Pegasus in 2023 said it would become an all-Airbus operator
A Boeing B737-10 Max aircraft during a flight demonstration at the Paris Air Show in 2023.
Photographer: Nathan Laine/BloombergThis article is for subscribers only.
Boeing Co. won an order valued at $36 billion from Pegasus Hava Tasimaciligi AS, in its biggest commitment so far this year that deals a blow to rival Airbus SE, previously the preferred choice for the Turkish low-cost airline.
The carrier placed firm orders for 100 of the as-yet uncertified 737 Max 10 model that it will begin receiving in 2028, with options for another 100, it said in a stock exchange filing. The total value of the agreement assumes that all options are converted, and is based on list prices rather than the market values typically negotiated by customers.